TY - BOOK ID - 11270679 TI - Institutional Factors and Financial Sector Development : Evidence from Sub-Saharan Africa AU - Toroyan, Hovhannes. AU - Anayiotos, George. AU - International Monetary Fund. PY - 2009 SN - 1451918194 1462319432 1282844520 1452707677 9786612844522 1451874049 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Finance KW - Economics KW - Economic theory KW - Political economy KW - Funding KW - Funds KW - Social sciences KW - Economic man KW - Currency question KW - Finance: General KW - Money and Monetary Policy KW - Public Finance KW - Industries: Financial Services KW - Financial Markets and the Macroeconomy KW - Financial Institutions and Services: General KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Taxation, Subsidies, and Revenue: General KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Public finance & taxation KW - Monetary economics KW - Financial sector development KW - Financial sector KW - Nonperforming loans KW - Legal support in revenue administration KW - Credit KW - Financial services industry KW - Loans KW - Revenue KW - Congo, Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:11270679 AB - The paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa (SSA). Data Envelopment Analysis (DEA) is applied to determine the extent to which these institutions affect the financial sector, and to suggest which institutions play a more critical role in each country. Results suggest that institutional factors affect financial depth and access to financial services more than asset quality and profitability (measured by nonperforming loans (NPL) and return on equity (ROE). The results also suggest that depth of credit information has the strongest influence on the NPL ratio, and political stability affects access the most. Based on model findings, policy implications on prioritizing institutional reforms to enhance financial sector development are suggested for individual countries and for country groups. ER -